My caveman explanation is as follows: Some banking asshat picked Gamestop as a company that will fail, hence it's low stock price, then sold fuckwads of the stock...more than exists. So, the banking asshat was betting against the livelihood of Americans(Gamestop failling) to sell more asset than exists(more shares than exist) and make a big fatty wad of cash. Enter the diamondhand apes: Keith Gill aka RoaringKitty aka DeepFuckingValue analyzed this and shared his results. So, the apes bought up all the GME shares, including the imaginary ones that the banking asshat sold, meaning eventually that banking asshat will need to pay way more money than he even invested in the first place.
And further making it a 'perfect storm', a good amount of newer traders are gen y's aka millenials. A population that also felt pretty offended at the discovery that the wall st suits were using their fondly dearly nostalgic childhood game store for money games. GME has been a beautiful takedown and exposure of the $ hoax
7th grade explanation that will reshape our economic system?
Citadel abused its power and sold fake shares in an effort to put GameStop under like they did with Toys R Us and Sears. Retail (read normal citizens) investors recognized a mismatch between price of GameStop stock and inherent value and purchased numerous shares. Citadel is now forced to buy back the fake shares that they had sold at like $10 for now $200+ per share.
Citadel will not be able to buy all of their positions back, so then the DTCC and after that, the Federal Reserve are on the hook for buying back all of the shares. The FED has a ridiculous insurance plan to something to the tune of like 75 TRILLION dollars. This could liquidate the Fed.
Yea, I’ve bought silver and gold. Was thinking of dropping $500 on two shares of GME, but I’ve never owned any stocks, bonds etc.. I wouldn’t know what to do with them and when, let alone where and how to purchase easily.
Here's a great analogy by Wes Christian I added a bit to. Should resonate well with a 7th grader thinking about when they get a driver's license.
You borrow mom's car, then show it off to your friends and tell them it's yours. You also grab the title and Xerox it a hundred times, telling the kids at school they can buy it from you for $100 now, but you'll give it to them after summer break.
What you're banking on is that the car breaks down over the summer and gets scrapped. That way no one will want it, and you get to keep the money they paid up front.
Except... over the summer, Dad took it and pimped it out, painted it in Competition Orange, threw in a hemi and a boomin' sound system. The one kid you sold a fake title to rides his bike by the shop and sees the work being done, he knows it's an awesome ride and stoked to take delivery. So he tells his friends.
Now it's the first day back to school and there are a hundred kids surrounding your locker, and they all want the car. You know you can't deliver, so you pay them back in cash, which you do by Xeroxing the title again and selling it to kids in the high school, telling them they'll get the car next month. Except, you have to give the original buyers $150 each to avoid a beatdown after school.
Before next month comes, you print 300 copies and have to sell them in the next town over- to pay off the 200 angry 10th graders coming to your front yard. Meanwhile, that kid on the bike is onto your scam, and buys another copy every time you panic and print more, knowing he's going to get another car every time you try and hide what you did. So do his friends.
Eventually, the scam is going to end. The entire town is going to be standing on the grass, demanding an awesome car. The town judge will be standing there with the cops and is going to make you get a car for every single xeroxed title out there (all shorts must cover), no matter what your cost of a new car is.
In the analogy, the car is the stock.
"You" (as the 7th grader) are the hedge funds.
You've sold interest in the car with the expectation its value will go down, which is "short selling", and mom doesn't have extra cars to sell, so these are "naked shares".
You got the extra "cars" to sell by xeroxing the title, which makes them "synthetic". Another way of saying it is "counterfeit".
Dad is the new Chairman of the Board, Ryan Cohen. He has a plan to make the company awesome again.
The kid on the bike is Keith Gill, aka RoaringKitty, aka u/DeepFuckingValue.
We (the townspeople and angry 10th Graders) are DFV's friends (apes).
The judge and cops are the SEC and DTCC, but the analogy breaks down a bit here.
All shorts must cover = you need to pay up, no matter how many xeroxed titles are out there, unless the car is destroyed and in the scrapyard. In reality, if the company went bankrupt, you don't have to cover the loss of a worthless stock.
Gamestop is not going bankrupt. They're worth billions and have enough free cash on hand to run the company for another three years if they never turned a profit.
If you run out of money, Mom and Dad won't step up to help you- you're still getting grounded for the rest of your natural life- but the town council will cover your debt.
In reality, the DTCC has a fund to handle this, it's funded by every company allowed to trade on the market, and backed by the FED. Everyone will get paid, eventually, unless they get bored and walk away (paperhanding).
You don't. Eventually you have to sell to get the money, preferably at 7 figures or more per share.
The "never sell" / infinity pool people are doing it so the HFs can never close their positions. IDK how well that will work out.
Personally, I think once the HFs are liquidated and the DTCC takes over covering, there will be a deal cut so it doesn't get drawn out forever.
Of all the schemes I hear being thrown around, I hope the DTCC proposes a time limit (all sharehodlers have 30 days to file a claim) and not a money limit (shares are worth XXX).
Someone here told me it could eventually become 1 million or more per share, so I bought some.
Even if it doesn't manifest, it will hurt system which is rigged.
Win/win
► Is this really a once in a lifetime event and why?
► Some say its value could go to infinity (rocket/moon). How does that work?
► "Apes" (planet of) buy with the intent of never selling their shares (i.e. HODL - Hold On for Dear Life). When would they ever sell? Would that be years or decades from now?
We can't predict the future, but we know it has never happened before.
The law of supply and demand dictates:
a) When supply goes up, price goes down if demand doesn't go up too.
b) When demand goes up, price goes up if supply doesn't go up too.
In this case, hedge funds shorted $GME more than 100% of available shares through a questionable (read: mostly illegal) practice known as naked shorting. They will one day need to purchase $GME to satisfy these short positions. So we have a scenario where demand is going up (retailers are competing with the hedge funds by buying the shares) but supply is going down (retailers are purchasing $GME, and GameStop is not issuing new shares). This causes the price to go up, which will not go back down until supply is increased (either by GameStop issuing new shares or retailers selling their shares) or demand goes down (from hedge funds satisfying their short positions). If retailers do not sell, the supply stays the same or goes down, and the demand continues to rise.
They will sell when the price reaches exorbitant amounts, bankrupting hedge funds. No one knows when this will be, and people are making their own financial decisions in the end.
Oh that's good stuff! Q: Is there some kind of calendar deadline for HFs to buy back they fake shares? What stops them from from kicking the can down the road indefinitely?
That’s a question we’ve been pondering for a while and the truth is we’re not entirely sure. Eventually they will run out of money because they have to pay interest to their share lenders (shorting a stock requires borrowing a stock from someone else) although it seems like they’re all collaborating to keep the short interest percentage low. So honestly we don’t know for sure. On /r/superstonk you can read their analyses, there seems to be a number of indicators for price movement, some of which seem to have been more or less reliable (search for Elliott waves and FTD cycles on that sub for more). I wish I could give you more information but honestly I would just be reiterating what I have read there so you may just want to go research there. & there are a few must read posts. I think you can find them pretty quick by sorting for top of all time on that sub but if not you can search there: “Citadel Has No Clothes,” “House of Cards I,” “House of Cards II,” and “House of Cards III”
XLNT explanation - thanks! So what if the hedge funds DO tank? Are GME shareholders screwed? Where does the "infinity" value come from and who would ever pay it?
If hedge funds tank, there is no requirement for anyone to purchase GME shares, meaning that they are simply long on GameStop with no other indicators for massive price action. That said, the fundamentals behind GameStop are extremely solid, and it’s a good stock in its own right, even without the HF fuckery - they’re poised to become the Amazon of gaming within the next few years
Great explanation of shorting Just want to add that as scandalous as shorting sounds, it is legal. But what was exposed by GME was that they were doing naked shorting, which is NOT legal.
This means, as best as I can explain it that there are X amount of shares for a stock, total and the shorting is done using those. But the greedy bastards just couldnt get enough so they were basically creating shares that dont exist.
My caveman explanation is as follows: Some banking asshat picked Gamestop as a company that will fail, hence it's low stock price, then sold fuckwads of the stock...more than exists. So, the banking asshat was betting against the livelihood of Americans(Gamestop failling) to sell more asset than exists(more shares than exist) and make a big fatty wad of cash. Enter the diamondhand apes: Keith Gill aka RoaringKitty aka DeepFuckingValue analyzed this and shared his results. So, the apes bought up all the GME shares, including the imaginary ones that the banking asshat sold, meaning eventually that banking asshat will need to pay way more money than he even invested in the first place.
And further making it a 'perfect storm', a good amount of newer traders are gen y's aka millenials. A population that also felt pretty offended at the discovery that the wall st suits were using their fondly dearly nostalgic childhood game store for money games. GME has been a beautiful takedown and exposure of the $ hoax
7th grade explanation that will reshape our economic system?
Citadel abused its power and sold fake shares in an effort to put GameStop under like they did with Toys R Us and Sears. Retail (read normal citizens) investors recognized a mismatch between price of GameStop stock and inherent value and purchased numerous shares. Citadel is now forced to buy back the fake shares that they had sold at like $10 for now $200+ per share.
Citadel will not be able to buy all of their positions back, so then the DTCC and after that, the Federal Reserve are on the hook for buying back all of the shares. The FED has a ridiculous insurance plan to something to the tune of like 75 TRILLION dollars. This could liquidate the Fed.
OK now I'm starting to get it! Basically counterfeiting that never gets prosecuted cuz everyone's got their thumb in the pie?
Im having my girl buy atleast one share when her tax money goes on her card. We could use the same info.
Well that article didn’t age well, “GME blew its wad at $179.” What is it now, $250?
Yea, I’ve bought silver and gold. Was thinking of dropping $500 on two shares of GME, but I’ve never owned any stocks, bonds etc.. I wouldn’t know what to do with them and when, let alone where and how to purchase easily.
I sold 200 oz of silver on Friday to buy more gme. It was hard to do,cause I really like silver.
After MOASS mother of all short squeezes, I will buy more silver.
I set up a TD Ameritrade account under 10 minutes. ACH'd just enough to buy my 1st two shares. I was done in 15 min.
HTHANK YOU??????????????
Thanks fren! Just bought (3) shares at $230 after setting up the td amiritrade!
Ooh thanks.
https://greatawakening.win/p/12j03lu7eT/come-take-a-hit-of-hopium-with-m/
I just wrote this
Here's a great analogy by Wes Christian I added a bit to. Should resonate well with a 7th grader thinking about when they get a driver's license.
You borrow mom's car, then show it off to your friends and tell them it's yours. You also grab the title and Xerox it a hundred times, telling the kids at school they can buy it from you for $100 now, but you'll give it to them after summer break.
What you're banking on is that the car breaks down over the summer and gets scrapped. That way no one will want it, and you get to keep the money they paid up front.
Except... over the summer, Dad took it and pimped it out, painted it in Competition Orange, threw in a hemi and a boomin' sound system. The one kid you sold a fake title to rides his bike by the shop and sees the work being done, he knows it's an awesome ride and stoked to take delivery. So he tells his friends.
Now it's the first day back to school and there are a hundred kids surrounding your locker, and they all want the car. You know you can't deliver, so you pay them back in cash, which you do by Xeroxing the title again and selling it to kids in the high school, telling them they'll get the car next month. Except, you have to give the original buyers $150 each to avoid a beatdown after school.
Before next month comes, you print 300 copies and have to sell them in the next town over- to pay off the 200 angry 10th graders coming to your front yard. Meanwhile, that kid on the bike is onto your scam, and buys another copy every time you panic and print more, knowing he's going to get another car every time you try and hide what you did. So do his friends.
Eventually, the scam is going to end. The entire town is going to be standing on the grass, demanding an awesome car. The town judge will be standing there with the cops and is going to make you get a car for every single xeroxed title out there (all shorts must cover), no matter what your cost of a new car is.
All shorts must cover = you need to pay up, no matter how many xeroxed titles are out there, unless the car is destroyed and in the scrapyard. In reality, if the company went bankrupt, you don't have to cover the loss of a worthless stock.
Gamestop is not going bankrupt. They're worth billions and have enough free cash on hand to run the company for another three years if they never turned a profit.
If you run out of money, Mom and Dad won't step up to help you- you're still getting grounded for the rest of your natural life- but the town council will cover your debt.
In reality, the DTCC has a fund to handle this, it's funded by every company allowed to trade on the market, and backed by the FED. Everyone will get paid, eventually, unless they get bored and walk away (paperhanding).
That is fabulous. Where are the upvotes?
You don't. Eventually you have to sell to get the money, preferably at 7 figures or more per share.
The "never sell" / infinity pool people are doing it so the HFs can never close their positions. IDK how well that will work out.
Personally, I think once the HFs are liquidated and the DTCC takes over covering, there will be a deal cut so it doesn't get drawn out forever.
Of all the schemes I hear being thrown around, I hope the DTCC proposes a time limit (all sharehodlers have 30 days to file a claim) and not a money limit (shares are worth XXX).
Someone here told me it could eventually become 1 million or more per share, so I bought some. Even if it doesn't manifest, it will hurt system which is rigged. Win/win
Maybe ISO 20022 coins? Like Ripple?
My tits can't get anymore jacked!
FYI... GameStop just hired a new CEO and CFO. Here’s their post from LinkedIn.
https://www.linkedin.com/posts/gamestop_gamestop-welcomes-matt-furlong-as-ceo-and-activity-6808490228974682112-_rN-
I'll settle for lunar primate advice :-)
Read this:
https://www.reddit.com/r/Superstonk/comments/nletnn/gme_the_mother_of_all_short_squeezes_moass_thesis/?utm_medium=android_app&utm_source=share
More stupid Qs from OP:
► Is this really a once in a lifetime event and why?
► Some say its value could go to infinity (rocket/moon). How does that work?
► "Apes" (planet of) buy with the intent of never selling their shares (i.e. HODL - Hold On for Dear Life). When would they ever sell? Would that be years or decades from now?
Thanks!
Definitely not stupid questions. I’m learning, too.
Apes will sell,but they will hodl for max pain first.
a) When supply goes up, price goes down if demand doesn't go up too.
b) When demand goes up, price goes up if supply doesn't go up too.
In this case, hedge funds shorted $GME more than 100% of available shares through a questionable (read: mostly illegal) practice known as naked shorting. They will one day need to purchase $GME to satisfy these short positions. So we have a scenario where demand is going up (retailers are competing with the hedge funds by buying the shares) but supply is going down (retailers are purchasing $GME, and GameStop is not issuing new shares). This causes the price to go up, which will not go back down until supply is increased (either by GameStop issuing new shares or retailers selling their shares) or demand goes down (from hedge funds satisfying their short positions). If retailers do not sell, the supply stays the same or goes down, and the demand continues to rise.
Oh that's good stuff! Q: Is there some kind of calendar deadline for HFs to buy back they fake shares? What stops them from from kicking the can down the road indefinitely?
That’s a question we’ve been pondering for a while and the truth is we’re not entirely sure. Eventually they will run out of money because they have to pay interest to their share lenders (shorting a stock requires borrowing a stock from someone else) although it seems like they’re all collaborating to keep the short interest percentage low. So honestly we don’t know for sure. On /r/superstonk you can read their analyses, there seems to be a number of indicators for price movement, some of which seem to have been more or less reliable (search for Elliott waves and FTD cycles on that sub for more). I wish I could give you more information but honestly I would just be reiterating what I have read there so you may just want to go research there. & there are a few must read posts. I think you can find them pretty quick by sorting for top of all time on that sub but if not you can search there: “Citadel Has No Clothes,” “House of Cards I,” “House of Cards II,” and “House of Cards III”
I had a lot of these question and $10 million share seemed crazy. But it is a very real possibility.
This is a good place to start: It tells you the story of how we got here:
https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_source=share&utm_medium=web2x&context=3
Don't mean to hijack this post, but here's some info for those who are just learning about this....
The best place (right now) to get updated info (and funny memes) about GameStop (GME) is:
old.reddit.com/r/SuperStonk
IF REDDIT GOES DARK... Here are a few places to go for up-to-date information:
**https://twitter.com/rensole
https://twitter.com/PinkCatsOnAcid
https://twitter.com/RedChessQueen99
https://twitter.com/ByeTriangle
https://twitter.com/u_sharkbaitlol
https://twitter.com/BradduckF**
Also, believe it or not - go to "Gangnam Style" on YouTube: https://www.youtube.com/watch?v=CH1XGdu-hzQ
XLNT explanation - thanks! So what if the hedge funds DO tank? Are GME shareholders screwed? Where does the "infinity" value come from and who would ever pay it?
If hedge funds tank, there is no requirement for anyone to purchase GME shares, meaning that they are simply long on GameStop with no other indicators for massive price action. That said, the fundamentals behind GameStop are extremely solid, and it’s a good stock in its own right, even without the HF fuckery - they’re poised to become the Amazon of gaming within the next few years
Thanks. So let's say we hit 500k and I want out. When I hit SELL in my new Ameritrade account, exactly who is obliged to buy at that price?
They are obligated to buy at market price, when they are forced to pcover. And when the hedge funds go broke the dtcc is obligated to step in and buy.
Great explanation of shorting Just want to add that as scandalous as shorting sounds, it is legal. But what was exposed by GME was that they were doing naked shorting, which is NOT legal. This means, as best as I can explain it that there are X amount of shares for a stock, total and the shorting is done using those. But the greedy bastards just couldnt get enough so they were basically creating shares that dont exist.
https://www.investopedia.com/terms/n/nakedshorting.asp